Reassessing The Imaging IT Market

Annabel Dimmock

Published: November 21, 2022 In The News

21st November 2022 – Written by Annabel Dimmock – Featured in The Imaging Wire

Reassessing The Imaging IT Market: Signify Research cut its 2023-2026 Imaging IT market forecast amid looming economic challenges, but assured that the segment will ‚”weather the economic storm.‚” The firm still expects strong growth in 2023-2024 (~3.5%/yr vs. ~4.5%/yr in its original forecast) due to upcoming replacement cycles and post-pandemic demand, but now foresees even slower growth in 2025-2026 (~1.75%/yr vs. ~2.75% originally). Given the upcoming challenges, Signify called the 2023-2024 surge an opportunity that informatics vendors ‚”cannot afford to miss.‚”

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Investment in imaging IT is ramping up in mature markets, with North America amidst a replacement cycle for core radiology IT deals and significant public investment across Western Europe expected in the short-term. However, converting demand to final contracts is not straightforward, due to the bureaucratic hurdles associated to distribution of public funding. Consequently, implementation of large-scale national tenders has experienced delays, such as in the UK and Italy.

Reassessing The Imaging IT Market

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